DynamicWeb Enterprises (DWEB), Inc. Adds Veteran Technology Investor Robert J. Gailus to Board of Directors
FAIRFIELD, N.J., Nov. 30 /PRNewswire/ -- DynamicWeb Enterprises, Inc. (OTC Bulletin Board: DWEB - news), a leading developer of Internet electronic commerce (EC) and EDI business solutions, announced the appointment of Robert J. Gailus, founder of Software Technology Venture Partners, to the company's Board of Directors. In addition to his role on DynamicWeb's Board of Directors, Mr. Gailus will serve as a special advisor to the company's CEO on developing and evaluating potential corporate financing opportunities.
''We are very pleased to announce the appointment of Mr. Gailus to our Board,'' said Steve Vanechanos, CEO of DynamicWeb Enterprises, Inc. ''As a successful and respected venture investor and advisor, he brings us a wealth of experience on the best ways to raise capital and build the company.''
In addition to his role as founder of Software Technology Venture Partners, Mr. Gailus is a consultant to the Information Technology Group of Sprout, the venture capital affiliate of Donaldson, Lufkin & Jenrette. Before founding Software Technology Venture Partners in 1994, Mr. Gailus was a founding member in 1983 of Schroders Ventures/U.S., an affiliate of Schroders, the London merchant bank, where he and his partners managed $100 million. In these two positions, Mr. Gailus has been an investor in more than 60 information technology, healthcare and pharmaceutical companies.
Located in Fairfield, NJ, DynamicWeb Enterprises is an Internet electronic commerce software and service provider. DynamicWeb's core business is providing Internet technology solutions specifically designed to expand a company's EDI system -- the dominant standard in business-to-business electronic commerce for the past 20 years. The company uses its patented Internet technologies to enable companies with EDI systems to maximize the full business potential of electronic commerce by increasing participation and compliance of smaller, less technical trading partners.
This press release contains forward-looking statements. All such statements involve risks and uncertainties, including, without limitation, the risks detailed in DynamicWeb Enterprises, Inc.'s filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ materially.
Monday November 30, 8:04 pm Eastern Time
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SOURCE: DynamicWeb Enterprises, Inc |
